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[The following information applies to the questions displayed below.] The following financial statements and additional information are reported. i already filled in a couple of

[The following information applies to the questions displayed below.]

The following financial statements and additional information are reported.image text in transcribed

image text in transcribed

image text in transcribed

i already filled in a couple of the blanks that I knew..... Thanks

IKIBAN INC Comparative Balance Sheets June 30, 2015 and 2014 2015 2014 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 87,500 44,000 51,000 86,500 5,400 65,000 63,800 4,400 Total current assets Equipment Accum. depreciation-Equipment 220,700 124,000 (27,000) 186,900 115,000 (9,000) Total assets 317,700 $292,900 Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 25,000 30,000 15,000 3,800 6,000 3,400 Total current liabilities Notes payable (long term) 48,800 60,000 34,400 Total liabilities Equity Common stock, $5 par value Retained earnings 30,000 64.400 220,000 108,800 60,000 24,100 33,300 Total liabilities and equity 317700 $292,900

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